| FREIGHT-LISTING-SERVICE-THE-GROUP |
FREIGHT-LISTING-SERVICE-THE-GROUP |
85%
|
s, which was previously classified under “Freight listing service” and “Other value-added services.” The comparative net revenues for the year ended December 31, 2023 have been recast to conform to t… |
| ADMINISTRATIVE-EXPENSES-THE-GROUP |
ADMINISTRATIVE-EXPENSES-THE-GROUP |
62%
|
0.7 88,730 12,688 0.7 Others 6,989 0.1 14,729 0.1 100,832 14,419 0.8 Total 4,119,016 48.8 5,100,558 45.4 4,618,796 660,479 37.0 (1) In the years ended December 31, 2023, 2024 and 2025, the gross amou… |
| BESIDES-JIANGSU-YUNMANMAN-LUCKY-LOGISTICS-INFORM |
BESIDES-JIANGSU-YUNMANMAN-LUCKY-LOGISTICS-INFORM |
62%
|
ne platforms are required to meet certain conditions and are subject to certain requirements. However, in December 2020, the CIRC promulgated the Measures on the Regulations of Internet Insurance Bus… |
| CHINA-THE-GROUP |
CHINA-THE-GROUP |
62%
|
truckers. Players that focus on certain segments of the road transportation market may enter into new segments in which the Group operates and competes with it. Furthermore, large technology companie… |
| COMPETITION-THE-GROUP |
COMPETITION-THE-GROUP |
62%
|
t of shipping fees by shippers and poor service by truckers. The Group designed these rules based on its extensive industry knowledge and data insights. For example, the Group sets penalty standards … |
| CORE-TECHNOLOGIES-THE-GROUP |
CORE-TECHNOLOGIES-THE-GROUP |
62%
|
the Group’s mobile apps. We promote ETC cards for highway authorities through the Group’s mobile apps. Depending on our arrangement with highway authorities, we receive service fees from highway auth… |
| CREDIT-SOLUTIONS-THE-GROUP |
CREDIT-SOLUTIONS-THE-GROUP |
62%
|
B101.2 million from “Freight listing service” and RMB4.7 million from “Other value-added services” were reclassified to “Transaction service” for the year ended December 31, 2023. 139 Table of Conten… |
| DATA-LABELING-THE-GROUP |
DATA-LABELING-THE-GROUP |
62%
|
the Group’s mobile apps. We promote ETC cards for highway authorities through the Group’s mobile apps. Depending on our arrangement with highway authorities, we receive service fees from highway auth… |
| EXPENSES-THE-GROUP |
EXPENSES-THE-GROUP |
62%
|
ll also continue to focus on protecting the rights and interests of shippers and truckers by further investments in enhancing user ecosystem construction. We believe our efforts will allow the Group … |
| FACILITIES-THE-GROUP |
FACILITIES-THE-GROUP |
62%
|
truckers. Players that focus on certain segments of the road transportation market may enter into new segments in which the Group operates and competes with it. Furthermore, large technology companie… |
| GUIYANG-HUOCHEBANG-THESE-GROUP |
GUIYANG-HUOCHEBANG-THESE-GROUP |
62%
|
ne platforms are required to meet certain conditions and are subject to certain requirements. However, in December 2020, the CIRC promulgated the Measures on the Regulations of Internet Insurance Bus… |
| GUIZHOU-HUOCHEBANG-INTERNET-INFORMATION-SERVICE- |
GUIZHOU-HUOCHEBANG-INTERNET-INFORMATION-SERVICE- |
62%
|
ne platforms are required to meet certain conditions and are subject to certain requirements. However, in December 2020, the CIRC promulgated the Measures on the Regulations of Internet Insurance Bus… |
| INDUSTRY-TRENDS-IN-CHINA-THE-GROUP |
INDUSTRY-TRENDS-IN-CHINA-THE-GROUP |
62%
|
ellation of the relevant transactions, as applicable. The Group also offers shippers the option to track the transactions at each step in real-time. In the second half of 2020, the Group started mone… |
| INTELLECTUAL-PROPERTY-THE-GROUP |
INTELLECTUAL-PROPERTY-THE-GROUP |
62%
|
truckers. Players that focus on certain segments of the road transportation market may enter into new segments in which the Group operates and competes with it. Furthermore, large technology companie… |
| LUCKY-LOGISTICS-INFORMATION-LIMITED |
LUCKY-LOGISTICS-INFORMATION-LIMITED |
62%
|
0.7 88,730 12,688 0.7 Others 6,989 0.1 14,729 0.1 100,832 14,419 0.8 Total 4,119,016 48.8 5,100,558 45.4 4,618,796 660,479 37.0 (1) In the years ended December 31, 2023, 2024 and 2025, the gross amou… |
| MARKETING-EXPENSES-THE-GROUP |
MARKETING-EXPENSES-THE-GROUP |
62%
|
0.7 88,730 12,688 0.7 Others 6,989 0.1 14,729 0.1 100,832 14,419 0.8 Total 4,119,016 48.8 5,100,558 45.4 4,618,796 660,479 37.0 (1) In the years ended December 31, 2023, 2024 and 2025, the gross amou… |
| NYSE-LISTED-COMPANY |
NYSE-LISTED-COMPANY |
62%
|
d face material and adverse tax consequences if the PRC tax authorities determine that our contractual arrangements with the Group VIEs were not made on an arm’s length basis and adjust our income an… |
| OTHER-ECOSYSTEM-PARTICIPANTS-THE-GROUP |
OTHER-ECOSYSTEM-PARTICIPANTS-THE-GROUP |
62%
|
the Group’s mobile apps. We promote ETC cards for highway authorities through the Group’s mobile apps. Depending on our arrangement with highway authorities, we receive service fees from highway auth… |
| OVERSEAS-PUBLICLY-LISTED-COMPANY |
OVERSEAS-PUBLICLY-LISTED-COMPANY |
62%
|
ne platforms are required to meet certain conditions and are subject to certain requirements. However, in December 2020, the CIRC promulgated the Measures on the Regulations of Internet Insurance Bus… |
| PASSIVE-FOREIGN-INVESTMENT-COMPANY |
PASSIVE-FOREIGN-INVESTMENT-COMPANY |
62%
|
d face material and adverse tax consequences if the PRC tax authorities determine that our contractual arrangements with the Group VIEs were not made on an arm’s length basis and adjust our income an… |
| PLUS-AUTOMATION-INC |
PLUS-AUTOMATION-INC |
62%
|
01,454 Goodwill 821,728 Deferred tax liabilities ( 100,364 ) Total 1,981,045 Less: non-controlling interests ( 604,791 ) Total purchase price 1,376,254 Amounts RMB Total purchase price is comprised o… |
| SHIPPERS-THE-GROUP |
SHIPPERS-THE-GROUP |
62%
|
the Group’s mobile apps. We promote ETC cards for highway authorities through the Group’s mobile apps. Depending on our arrangement with highway authorities, we receive service fees from highway auth… |
| SOLUTIONS-THE-GROUP |
SOLUTIONS-THE-GROUP |
62%
|
. The Group provides end-to-end solutions with transaction capabilities to shippers and truckers, which enable them to operate in a smarter and more efficient manner. Shippers are supported by softwa… |
| TIANJIN-FULL-TRUCK-ALLIANCE-FINANCING-ASSURANCE- |
TIANJIN-FULL-TRUCK-ALLIANCE-FINANCING-ASSURANCE- |
62%
|
d credit assessment to various institutional funding partners shall not render any financing guarantee service, whether directly or in disguised form, without the necessary approval. Tianjin Full Tru… |
| TIANJIN-MANYUN-COMMERCIAL-FACTORING-CO-LTD |
TIANJIN-MANYUN-COMMERCIAL-FACTORING-CO-LTD |
62%
|
d credit assessment to various institutional funding partners shall not render any financing guarantee service, whether directly or in disguised form, without the necessary approval. Tianjin Full Tru… |
| TRANSACTION-SERVICE-THE-GROUP |
TRANSACTION-SERVICE-THE-GROUP |
62%
|
from freight brokerage service in the year ended December 31, 2025. See “Item 3. Key Information—D. Risk Factors—Risks Relating to Our Business and Industry—The profitability of the Group’s freight b… |
| TRUCKERS-THE-GROUP |
TRUCKERS-THE-GROUP |
62%
|
ce fees from highway authorities for promoting ETC cards to truckers and service fees from truckers for account top-up, (iii) service fees from gas station operators for generating sales leads or fac… |
| U-S-PUBLIC-COMPANY |
U-S-PUBLIC-COMPANY |
62%
|
d face material and adverse tax consequences if the PRC tax authorities determine that our contractual arrangements with the Group VIEs were not made on an arm’s length basis and adjust our income an… |
| VIETNAM-INSURANCE-THE-GROUP |
VIETNAM-INSURANCE-THE-GROUP |
62%
|
truckers. Players that focus on certain segments of the road transportation market may enter into new segments in which the Group operates and competes with it. Furthermore, large technology companie… |
